BUSINESS
BANKING FEES
A guide to fees and charges
Effective 27 March 2017
CONTENTS
Section 1 Business Accounts and Services
Opening a Business Account
NAB Business Everyday Account
($0 Monthly Fee Option)
NAB Business Everyday Account
($10 Monthly Fee Option)
NAB Business Interest Account
NAB Community Fee Saver Account
NAB Business Visa Debit Card
NAB Business Cash Maximiser NAB Business Management Account
(no longer for sale)
NAB GST Business Offset Account (no longer for sale)
Section 2
gribusiness Products and Services
A
Farmers Choice Package
NAB Farm Management Account
NAB Farm Management Account
Overdraft
4
4
6
7
7
7
8
8
9
10
11
11
11
12
Section 3NAB Cards for Business
12
Section 4 Business Lending Facilities
Business Loans and Overdrafts
Bank Guarantee Bill Facilities
Equipment Finance
Trade and Working Capital Solutions
Exports
Imports
Invoice Finance
Payables Finance
Receivables Purchase
General Charges and Other Trade Services
16
16
16
17
17
19
19
20
22
22
22
22
Section 5 Other Service Fees
International Payments
Foreign Currency Accounts
23
42
44
Section 6 Government Taxes and Charges
Goods and Services Tax (GST)
45
45
Section 7
46
Definitions
YOUR GUIDE TO BUSINESS BANKING FEES
& CHARGES
What’s in this guide?
This guide covers the fees that may apply for a range of
our Business products and services. It only applies to NAB
branded products and services unless we have specifically
advised you otherwise. You can use this guide to identify
which fees may apply to you and ways you may reduce or
avoid these fees.
Section 1 details the fee structure for Business Accounts
and Services and for NAB Business Visa Debit card.
Section 2 details the fee structure for Agribusiness
Products and Services.
Section 3 details NAB Cards for Business customers.
Section 4-7 covers the remaining fees which could apply
to your account including fees related to loans and
lending and government taxes and charges. We pass on
government charges and taxes to customers at the time
they are payable. These taxes may change at any time.
There is a separate fees and charges guide for personal
banking products.
How this guide fits with other documents:
This guide forms part of the Product Disclosure Statement
(PDS)/terms and conditions for the products listed in this
document.
Any questions?
If you have any questions simply contact your nearest
NAB Business Banker, or call 13 10 12, Monday to Friday,
from 8am to 8pm AEST, and Saturday to Sunday, from
9am to 6pm AEST.
3
SECTION 1
BUSINESS ACCOUNTS AND SERVICES
Opening a Business Account
A company/business name search fee is payable at
opening of all new accounts/facilities/packages and for
facility increases/renewals. A Personal Property Securities
Register search fee may also be payable. For more details
see Section 5.
How fees are calculated
Fees for the following business accounts are calculated
from the last business day of the previous month to the
second last business day of the current month.
•NAB Business Everyday Account
($0 Monthly Fee Option),
•NAB Business Everyday Account
($10 Monthly Fee Option),
•NAB Business Interest Account,
•NAB GST Business Offset Account
(no longer for sale), and
•NAB Business Management Account
(no longer for sale).
Account Service Fees/Flat Fees
When are these fees first payable?
For all business accounts, the account service fees/flat
fees are payable and debited on the last business day
of the month.
Exceptions:
•NAB Farm Management Account where the fee
is payable and debited annually in advance on each
anniversary of the opening of the account; and
• NAB GST Business Offset Account (no longer for sale)
linked to a NAB Farm Management Account, the fee
is payable on the last business day of the month and
debited at any time after that, usually no later than on
the first business day of the following month.
When are these fees first charged?
The fee is charged in the month you first use your account,
following the month in which your account is opened. The
fee will be charged monthly after that. (Note: Your use of
4
the account includes when you initiate any credit or debit
transaction, request an overdraft for your account or when
you swap from one business account to another of these
business accounts. Use doesn’t include when you swap
from an inactive business account).
Transaction Fees
When are these fees payable?
For all business accounts, transaction fees are payable
and debited on the last business day of the month.
Exceptions:
• NAB Farm Management Account where these are
payable and debited annually;
• NAB GST Business Offset Account (no longer for sale)
linked to a NAB Farm Management Account, where
these are payable on the last business day of the month
and debited at any time after that, usually no later than
on the first business day of the following month.
• Non-NAB ATM transaction fees, which are payable
and debited on the day the transaction occurs.
Service Fees
There are other service fees detailed in Section 5 which apply
to business accounts including NAB Statutory Trust Accounts
and NAB Retail Lease Account. Unless otherwise specified
these fees are payable on the day the transaction occurs and
are debited on the day on which a fee is incurred.
Some additional information
Non NAB ATMs:
In Australia, the owner of an ATM that doesn’t belong
to NAB or the redi ATM network may charge you an ATM
owner fee or direct charge when you use the ATM.
NAB accepts no responsibility for such fees and charges.
Account closure
Any fees which have become payable but have not yet
been debited will be calculated and debited on the day
your account is closed. Those fees will be displayed on
your final account statement.
All business channel fees that relate to NAB Connect,
NAB Direct Link, National Online Corporate and National
Online Business are separate and additional to those set
out in this brochure. For all channel fees and charges
please refer to nab.com.au
5
BUSINESS ACCOUNTS
Account Service Fee
Flat fee payable and debited on the last
business day of the month
NAB Business
Everyday Account
($0 Monthly
Fee Option)
$0 per month
Banker assisted transactions1
Each banker assisted deposit or withdrawal
made over the counter at a NAB branch or
at an Australia Post shop:
• Deposit or withdrawal fee
$2.50 per
transaction
Plus:
• Each cheque or item lodged with
a deposit
$0.60 per
cheque/item
NAB ATM transactions2
Each withdrawal or deposit made at a NAB
ATM, and any cheques or items included
with the deposit
Nil
Electronic transactions3
Electronic transactions including deposits
or withdrawals conducted via NAB internet
banking and NAB telephone banking
Nil
EFTPOS transactions
Nil
Non-banker assisted transactions
Deposit slips processed without Banker
assistance, e.g. Express Business Deposits
and Express Cheque Deposits. This also
includes cheques written on an account:
• Deposit or withdrawal fee
$0.60 per
transaction
Plus:
• Each cheque or item lodged with
a deposit
$0.60 per
cheque/item
NAB ATM mini statements
Nil
1 For example, if a banker assisted deposit is made to a NAB Business Everyday Account
($0 Monthly Fee Option) and the deposit contains three cheques, the total fee will be
$4.30. This is comprised of a $2.50 deposit fee plus three cheque fees ($0.60 each).
2 Non-NAB ATM transactions may incur a charge by the owner of the ATM.
NAB does not apply any additional charges.
3 Important: Multiple funds transfers made via NAB internet banking will also incur an
additional fee as detailed in Section 5 – Other Service Fees
4 Electronic transaction & Enquiries (including multiple funds transfers made via
NAB internet banking). Important note: Some electronic transactions (e.g. periodic
payments)will attract a separate fee, as set out in Section 5 – Other service fees
6
NAB Business
Everyday
Account
($10 Monthly
Fee Option)
NAB Business
Interest Account
NAB Community
Fee Saver
Account
$10 per month
$10 per month
Nil
Nil
$2.50 per
transaction
Nil
Nil
$0.90 per
cheque/item
Nil
Nil
Nil
Nil
Nil
$0.20 per
debit transaction
Nil4
Nil
$0.20 per
transaction
Nil
Nil
$1.00 per
transaction
Nil
Nil
$0.60 per
cheque/item
Nil
Nil
Nil
Nil
7
NAB Business Visa Debit Card
NAB International transaction fee
International transactions are transactions where the merchant,
financial institution or entity processing the transaction is located
outside Australia. These transactions are either:
• a Single Currency International Transaction: where the
transaction is made in Australian dollars (AUD); or
• a Multi Currency International Transaction: where the
transaction is made in a currency other than Australian dollars
(AUD).
Transaction type - Visa
Fee1
Single Currency
3%
Multi Currency
3%
1 The NAB International Fee includes a fee charged by the Card Scheme to NAB (and
on charged by NAB to you), calculated on the converted AUD amount shown on your
statement.
Access Overseas via ATMs
ATM Cash withdrawal
$4 per withdrawal3
Balance enquiry
$1 per enquiry3
Foreign currency transaction fee
2% of Australian dollar
transaction amount (applies to
withdrawals made in currencies
other than Australian dollars)2
Overseas operators may charge you to use their ATMs
2 Includes a Visa scheme fee charged to NAB and on charged to you.
This fee is a percentage of the converted AUD amount shown on your statement.
3 Includes a Visa scheme fee charge to NAB and on charged to you.
Lost/Stolen Card Replacement Fee
First replacement card during
each annual fee period
Exempt
Second and subsequent replacement card during each annual
free period:
- Issued within Australia
$20
- Issued outside Australia
$100
NAB Business Cash Maximiser
Flat monthly fee
Nil
Electronic transactions
Nil
Note: Transactions can only be made electronically. The following transaction types are
not available on this account:
• Banker Assisted/Australia Post deposits and withdrawals.
• Express Business Deposits and Express Cheque Deposits.
• Cheque deposits and withdrawals.
• NAB and non-NAB ATM transactions, enquiries and mini-statements.
• Multiple funds transfers.
8
(refer to Section 7 for above definitions)
NAB Business Management Account (no longer for sale)
Account Service Fee
Flat fee payable and debited
on the last business day of
the month
Banker assisted transactions1
Each banker assisted deposit
or withdrawal made over the
counter at a NAB branch or at
an Australia Post shop:
• Deposit or withdrawal fee
$20 per month
$0.90 per transaction
Plus:
• E
ach cheque or item lodged
with a deposit
$0.90 per cheque/item
NAB ATM transactions2
Each withdrawal or deposit
made at a NAB ATM, and any
cheques or items included
with the deposit
Nil
Electronic transactions3
Electronic transactions
including deposits or
withdrawals conducted via
NAB internet banking and
NAB telephone banking
Nil
Non-banker assisted
transactions
Deposit slips processed without
Banker assistance, e.g. Express
Business Deposits and Express
Cheque Deposits. This also
includes cheques written on
an account:
• Deposit or withdrawal fee
$0.60 per transaction
Plus:
• Each cheque or item lodged
with a deposit
$0.60 per cheque/item
NAB ATM mini-statements
Nil
(Refer to Section 7 for definitions of the above fees)
1 For example, if a banker assisted deposit is made to a NAB Business Management Account
and the deposit contains three cheques, the total fee will be $3.60. This is comprised of a
$0.90 deposit fee plus three cheque fees ($0.90 each).
2 Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not
apply any additional charges.
3 Important: Multiple funds transfers made via NAB internet banking will also incur an
additional fee as detailed in Section 5 – Other Service Fees
9
NAB GST Business Offset Account (no longer for sale)
Account Service Fee
Flat fee payable and debited
on the last business day of
the month
Banker assisted transactions
Each banker assisted deposit
or withdrawal made over the
counter at a NAB branch or at
an Australia Post shop:
• Deposit or withdrawal fee
$10 per month
Nil
Plus:
• Each cheque or item lodged
with a deposit
Nil
NAB ATM transactions1
Each withdrawal or deposit
made at a NAB ATM, and any
cheques or items included with
the deposit
Nil
Electronic transactions2
Electronic transactions
including deposits or
withdrawals conducted via
NAB internet banking and
NAB telephone banking
Nil
Non-banker assisted
transactions
Deposit slips processed without
Banker assistance, e.g. Express
Business Deposits and Express
Cheque Deposits. This also
includes cheques written on
an account:
• Deposit or withdrawal fee
Nil
Plus:
• Each cheque or item lodged
with a deposit
Nil
NAB ATM mini statements
Nil
(Refer to Section 7 for definitions of the above fees)
1 Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not
apply any additional charges.
2 Important: Multiple funds transfers made via NAB internet banking will also incur an
additional fee as detailed in Section 5 – Other Service Fees
10
SECTION 2
AGRIBUSINESS PRODUCTS AND SERVICES
Farmers Choice Package
Application fee
Available on application
Annual package fee
Available on application
NAB Farm Management Account
Account Service Fee
Flat fee payable and debited annually
in advance on the anniversary of
opening the account
Banker assisted transactions1
Each banker assisted deposit or
withdrawal made over the counter at
a NAB branch or at an Australia Post
shop:
• Deposit or withdrawal fee
Nil
$0.60 per transaction
Plus:
• Each cheque or item lodged with
a deposit
$0.60 per cheque/item
NAB ATM transactions2
Each withdrawal or deposit made at a
NAB ATM, and any cheques or items
included with the deposit
Nil
Electronic transactions3
Electronic transactions including
deposits or withdrawals conducted
via NAB internet banking and NAB
telephone banking
$0.10 per transaction
Non-banker assisted transactions
Deposit slips processed without
Banker assistance, e.g. Express
Business Deposits and Express
Cheque Deposits. This also includes
cheques written on an account:
• Deposit or withdrawal fee
$0.40 per transaction
Plus:
• Each cheque or item lodged with
a deposit
$0.40 per cheque/item
NAB ATM mini statement
$0.40 per mini statement
The above fees are payable and debited annually on the anniversary date of opening
the account.
(Refer to Section 7 for definitions of the above fees)
1 For example, if a banker assisted deposit is made to a NAB Farm Management
Account and the deposit contains three cheques, the total fee will be $2.40. This is
comprised of a $0.60 deposit fee plus three cheque fees ($0.60 each).
2 Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does
not apply any additional charges.
3 Important: Multiple funds transfers made via NAB internet banking will also incur an
additional fee as detailed in Section 5 – Other Service Fees
11
NAB Farm Management Account Overdraft
Application fee
Available on application
Review/Renewal Fee
Available on application
Annual facility fee
$400
SECTION 3
NAB CARDS FOR BUSINESS
Annual fee
Monthly card fee – each card, each month
Late payment fee
Debited at the end of statement period, if at that time, any amount due and
payable is 3 or more days overdue and the unpaid balance of the account is
more than $100
Overseas payment order purchased fee
Each payment order drawn in currencies other than Australian dollars and
tendered in payment of a card account
International transaction fees
International transactions are transactions where the merchant, financial
institution or entity processing the transaction is located outside Australia.
These transactions are either:
– a Single-currency international transaction: where the transaction
is made in Australian dollars (AUD).
– a Multi-currency international transaction: where the transaction
is made in a currency other than Australian dollars(AUD).
Transaction type – MasterCard®
Single-currency
Multi-currency
Transaction type – Visa
Single-currency
Multi-currency
Cash advance fee – All channels2, 4
You will be charged a percentage of the cash advance (in Australian dollars)
or a minimum fee, whichever is greater.
Note: NAB posts purchases and cash advances in that order to your account
before posting payments and refunds.
® Registered trademark of MasterCard.
1T
he NAB International Transaction Fee includes a fee charged by the card scheme
to NAB (and on charged by NAB to you), calculated on the converted AUD amount
shown on your statement (excluding American Express Multi Currency).
2 Includes via a NAB ATM, non-NAB ATM, NAB Internet Banking, NAB Telephone
Banking, NAB Branch, Travelex or Australia Post (Bank@Post outlet (over the
counter)).TM
12
NAB Low
Rate Business
Card –
MasterCard®/
Visa3
NAB Business
Card –
MasterCard®/
Visa3
NAB Rewards
Business
Platinum
Card –
Visa3
NAB Qantas
Business
Signature
Card - Visa
NAB
Business
Payments
Card –
Visa
$60 per card
N/A
$175 per card
$295 per card
N/A
N/A
$9
N/A
N/A
$0
$9
$9
$9
$9
$9
$5
$5
$5
$5
$5
Fee1
Fee1
Fee1
Fee1
Fee1
3%
3%
N/A
N/A
N/A
3%
3%
N/A
N/A
N/A
Fee
Fee
Fee
Fee
Fee1
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
2%
(min $2.50)
2%
(min $2.50)
2%
(min $2.50)
2%
(min $2.50)
2%
(min $2.50)
1
1
1
1
3 NAB Business Card – MasterCard® and NAB Low Rate Business Card – MasterCard®
products are no longer for sale.
4 In the case of cash advances made in currencies other than Australian dollars
(AUD), the cash advance amount used to calculate the cash advance fee is the AUD
amount posted to your NAB credit card account.
13
Products no longer for sale
NAB Qantas
Business Card
- MasterCard®
Velocity NAB
Business
American
Express® Card
Annual card fee
N/A
$149
Monthly card fee – each card, each month
$12
N/A
Late payment fee
Debited at the end of the statement
period, if at that time, any amount
due and payable is 3 or more days
overdue and the unpaid balance of
the account is more than $100
$9
$9
Overseas payment order purchased fee
Each payment order drawn in currencies
other than Australian dollars and
tendered in payment of a card account
$5
$5
International transaction fee
International transactions are transactions where the merchant, financial
institution or entity processing the transaction is located outside Australia.
These transactions are either:
– a Single-currency international transaction: where the transaction
is made in Australian dollars (AUD).
– a Multi-currency international transaction: where the transaction
is made in a currency other than Australian dollars (AUD).
Transaction type – MasterCard®
Fee1
Fee1
Single-currency
3%
N/A
Multi-currency
3%
N/A
Transaction type – American Express
Fee1
Fee1
Single-currency
N/A
3%
Multi-currency
N/A
2%
2
Cash advance fee – All channels3,4
You will be charged a percentage
of the cash advance (in Australian
dollars) or a minimum fee, whichever
is greater.
Note: NAB posts purchases and
cash advances in that order to your
account before posting payments
and refunds.
14
2% (min $2.50) 2% (min $2.50)
® Registered trademark of MasterCard.
® Registered trademark of American Express Company. The NAB Velocity Business
American Express Card is issued by National Australia Bank pursuant to a licence
from American Express.
1T
he NAB International Transaction Fee includes a fee charged by the card scheme
to NAB (and on charged by NAB to you), calculated on the converted AUD amount
shown on your statement (excluding American Express Multi Currency).
2A
merican Express multi-currency transactions are subject to an American Express
currency conversion factor of 1% of any USD transaction amount or any USD
equivalent amount for transactions made in non-USD. This factor is included in the
converted AUD amount shown on your statement.
3 Includes via NAB ATMs, non-NAB ATMs, NAB Internet Banking, NAB Telephone
Banking, NAB Branch, Travelex or Australia Post (Bank@PostTM) outlet (over the
counter).
4 In the case of cash advances made in currencies other than Australian dollars (AUD),
the cash advance amount used to calculate the cash advance fee is the AUD amount
posted to your NAB credit card account.
The following applies to all seven card accounts
outlined above, unless otherwise indicated
Other fees
Repeat statement fee
$7 per statement
Lost/Stolen card replacement fee
First replacement card during each annual
fee period
Exempt
Second and subsequent replacement card during each annual fee
period:
– Issued within Australia
$20
– Issued outside Australia
$100
NAB Purchasing and Corporate Cards –
MasterCard®/Visa1
Annual fee
(Membership fee)
Each card per annum, charged monthly
Varies depending on
contractual agreement
Transaction fee
Varies depending on
contractual agreement
MasterCard® issuer cross-border assessment
(Charged to NAB and on-charged by NAB
to your account for purchase transactions
originating overseas. The assessment is
included in the Australian dollar amount
shown on your account and is a percentage
of the AUD amount)
1.1%
Visa international fee
(Charged to NAB and on-charged by NAB to
your account for any purchase transactions
made in currencies other than Australian
dollars, percentage of any converted AUD
amount. The fee is included in the converted
AUD amount)
1%
® Registered trademark of MasterCard.
1 Mastercard® is no longer for sale
15
SECTION 4
BUSINESS LENDING FACILITIES
Business Loans and Overdrafts
Application fee
Available on application
Mandate fee
Available on application
Review/renewal Fee
Available on application
Service fees
Available on application
Other fees
Economic cost1
Available on application
Extension fee
Available on application
Facility fee
Available on application
Markets Loans – cap rate
premium
Available on application
Markets Loans – range
rate premium2
Available on application
Progressive drawdown fee
$60 per drawing
Reset Fee
Available on application
Reset Margin
Available on application
Review/renewal fee
Available on application
Undrawn fee
Available on application
1Economic cost is the bank’s reasonable estimate of its loss (if any) from the early
termination of a loan/facility, the early termination of a fixed rate or a prepayment
2Markets Loans – range rate premium is applicable to Corporate Markets Loan only.
Bank Guarantee
(also known as guarantee by bank)
16
Issuing fee
Available on application
Service fee (also known
as half-yearly fee)
Available on application
At request of foreign bank
Available on application
Bill Facilities
Application fee
Available on application
Bill drawdown fee (charged
on initial drawdown and each
subsequent rollover)
$150
Facility fee
Available on application
Activation fee
Available on application
Floor cap premium
Available on application
Cap rate premium
Available on application
Flexible rate premium
Available on application
Equipment Finance/Asset Finance Fees
Documentation and settlement fees
Equipment loan1
$475
Lease, hire purchase
or term rental1
$475 (plus GST)
Private sale (equipment loan)
$550 or 0.25% of the amount
financed, whichever the greater
Sale and lease/hire/
rental back
$550 or 0.25% of the amount
financed, whichever the greater
(plus GST)
Specialised Documentation
(Equipment Loan)
$750 or 0.25% of the amount
financed, whichever the greater
Specialised Documentation
(Lease, hire purchase
or term rental)
$750 or 0.25% of the amount
financed, whichever the greater
(plus GST)
Other fees
Equipment loan variation fee
(payable on total prepayment)
One month’s instalment
(or equivalent for structured
transactions) applicable to
equipment finance contracts
entered into before 12
November 2016
Unrecovered Establishment
Costs (Equipment Loan)
$275 prorated (based on
remaining months of the loan)
applicable on total prepayment
of equipment loans entered
into after 11 November 2016
where there is early termination
of the entire contract
17
Early Termination
Administration Fee
$125 per event (plus GST if
applicable) applicable on
prepayment of equipment loan,
hire purchase or finance leases
entered into after 11 November
2016
Assignment of equipment
finance contract to third party/
$750 (plus GST if applicable)
to a new borrower/change
to guarantors
Deed of Variation to equipment
finance contract to change
guarantors
$165 (plus GST if applicable)
for each additional contract
amended
Asset Substitution Fee
$475 (plus GST & Personal
Property Securities Registration
and Maintenance fee if
applicable) applicable per
equipment finance contracted
asset where an insurer
substitutes the asset in the
event of write-off or total loss
Roll-over Fee
$150 applicable per roll-over of
each Floating Rate equipment
finance agreement
Personal Property Securities
Registration and Maintenance
Fee – equipment loan
$25
Personal Property Securities
Registration and Maintenance
Fee – lease, hire purchase or
term rental
$25 (plus GST)
Registration of a security
interest on the Personal
Property Securities Register
(for each registration)
Applicable government
registration fees may apply
1Fee applies for standalone facilities and those drawn under a Master Asset Finance
Agreement.
18
TRADE & WORKING CAPITAL SOLUTIONS
Exports
Documentary Collections – Outward D/P (Sight) or D/A (Term)
Despatched for collection
0.25% of collection amount
(minimum $90) (maximum
$850) plus handling and
communication charges
of $25 (GST inclusive)
Purchased for collection
0.25% of collection amount
(minimum $90) (maximum
$850) plus $50 Trade Finance
Fee plus handling and
communication charges
of $25
Direct Collections (using National
Online Corporate or NAB
Connect)
$60 (GST inclusive)
Direct Collections Purchased
(using National Online Corporate
or NAB Connect)
$60 plus $50 Trade Finance
Fee
Other Services
(inclusive of handling and communication charges):
Collections presented with
instructions to release against
simple receipt or free of
payment
$90 for each set of documents
(GST inclusive)
Refusal to accept/pay against
documents as presented
$90
Letters of Credit Inward – Export/local/standby
Advising new credits or
amendments
Charged where documents
will be presented to another
bank. Waived if documents are
presented to NAB
$90 (new credits)
$50 (amendments)
Drawings – Documents
despatched
0.25% of drawing amount
(minimum $90) (maximum
$850) plus handling and
communication charges of
$25
Other Services
(inclusive of handling and communication charges):
Without Recourse
or
Confirmation
Fees are available on
application
19
Back-to-Back
and
Transferable Credits
Fees are available on
application (a minimum
assessment fee of $200
applies)
Assignment of proceeds
(per assignment)
$90 (clean)
$90 (documentary)
Discrepancy Handling Fee
$40 per set of documents
Acceptance of term drafts
drawn on NAB
(not applicable if drawing
is done Without Recourse
or Confirmation)
Fees are available on
application
Refusal to accept/pay against
documents as presented
$90
Bank to Bank Reimbursement
claims
$90
Imports
Documentary Collections – Inward D/P (Sight) or D/A (Term)
Documents received
for collection
0.25% of collection amount
(minimum $90) (maximum
$850) plus handling and
communication charges of $25
Other Services
(inclusive of handling and communication charges):
Airway Bill Release – Goods
consigned to NAB
Refusal to accept/pay against
documents as presented
Extension of term bills
on instructions of
remitting party
$90 per service
Where documents are received
with instructions to be released
free of payment and item is
finalised in NAB’s records
Previously accepted bills received
for collection and payment
Endorsement or Avalisation Fee
Release of documents against
Trust Receipt and NAB accepts
responsibility for eventual
payment
20
Available on application
Letters of Credit Outward (Establishment)
– Import/local/standby
Issued/established
$120 plus handling and
communication charges
of $15
Issued/established using National
Online Corporate
or NAB Connect
$75 plus handling and
communication charges
of $15
Issued fully cash backed
$90
Other Services
(inclusive of handling and communication charges):
Stand-by Letter of Credit
Fee available on application
Amendment
$90
Amendment using National
Online Corporate or NAB Connect
$45
Where any undrawn balance
remaining at expiry is greater than
the equivalent of AUD 5000
0.25% of amount remaining
(minimum $90)
Cancellation of or any Decrease in
credit amount
0.25% of the cancellation/
decrease amount (minimum
$90) plus amendment fee
Letter of Credit Outward (Drawing)
– Import/local/standby
Drawings –
Documents received
0.375% of drawing amount
(minimum $100) plus handling
and communication charges
of $25
Drawing – Documents received
where Letter of Credit was
established using National Online
Corporate or NAB Connect
0.325% of drawing amount
(minimum $100) plus handling
and communication charges
of $25
Other Services
(inclusive of handling and communication charges):
Refusal to accept/pay against
documents as presented
$90
Note: The following Fees and Charges are normally charged to
your Supplier but may be payable by you where you have agreed
to this with your supplier.
Acceptance of term drafts and/
or incurring a Deferred Payment
Undertaking
1.5% p.a. (minimum $90)
Handling of Discrepancies
USD90 or equivalent
in other currency
Reimbursement bank commission
USD90 or equivalent
in other currency
21
Invoice Finance
Application fee
Available on application
Facility Fee
Available on application
Purchase Charge
Available on application
Payables Finance
Application fee
Available on application
Supplier Discount
Available on application
Payment Processing Charges
$25 USD
Receivables Purchase
Application fee
Available on application
Purchase Charge
Available on application
General Charges and Other Trade Services
Trade Finance – International or Domestic
Finance of trade transactions
* Fee is to apply to any initial
request and again on any
subsequent requests for a
rollover of finance covering:
• documentary collections
• telegraphic transfers
• international cheques
• invoices only
Note: Fee is not charged for
refinance under Letters of
Credit, except for rollovers.
$50 for each request
Trade Finance – Prepayments
$50 plus any economic costs1
1E
conomic cost is NAB’s reasonable estimate of its loss (if any) from the early
termination of a loan/facility, the early termination of a fixed rate or a prepayment.
22
SECTION 5
OTHER SERVICE FEES
Account Reconciliation Service
Cheque sorting
(All fees in this table
are GST inclusive)
Charge per weekly
reconciliation
Charge per
monthly
reconciliation
Up to 3,000
$42.90
$58.95
3,001 – 5,000
$48.25
$80.40
5,001 – 30,000
$48.25 plus
$3.75 for each 1,000
transactions or part
thereof in excess of
5,000
$80.40 plus
$6.95 for each
1,000 transactions
or part thereof in
excess of 5,000
30,001 – 50,000
$142 plus
$3.20 for each 1,000
transactions or part
thereof in excess of
30,000
$254.15 plus
$5.90 for each
1,000 transactions
or part thereof in
excess of 30,000
50,001 or more
$206 plus
$2.65 for each 1,000
transactions or part
thereof in excess of
50,000
$372.15 plus
$5.05 for each
1,000 transactions
or part thereof in
excess of 50,000
Note: Charges for two-monthly and three-monthly reconciliations
are twice and three times the monthly rate respectively
23
Agency credits1
Banker assisted deposits to an account using agency credit
vouchers (eg. insurance agents payments)
50 agency credits per month
Nil (banker assisted deposit
fees apply)
Then each agency credit over
the free limit of 50 per month
will be charged at:
$2 per agency credit
Note: These fees are in addition to the fees applicable to your
business account (with the exception of NAB Farm Management
Accounts and NAB Community Fee Saver Accounts) as detailed in
this brochure
Example: The following fees would apply where a Banker assisted
deposit of an agency credit with 3 cheques is made into a NAB
Business Everyday Account ($0 Monthly Fee Option) and the free
limit of 50 agency credits for that month has been exceeded:
Agency credit voucher deposited
Banker assisted (1 item)
$2.50
3 cheques lodged
(3 items)
$1.80
Agency credit fee
$2.00
Total
$6.30
Agency credit deposit books
$5 per book
1 Payable and debited on the last business day of the month.
Automatic Teller Machines
Non-NAB ATM transactions
within Australia
Fee for withdrawals and
balance enquiries from nonNAB ATMs, per transaction
Nil. Note other fees may still
apply, e.g. non-NAB ATM
transactions may incur a charge
by the owner of the ATM
Access overseas via PLUS or CIRRUS ATMs via a NAB Debit or
Linked NAB Credit Card
(Refer to Section 1 for NAB Business Visa Debit Card Fees)
ATM Cash withdrawal
$4 per withdrawal
Balance enquiry
$1 per enquiry
Foreign currency transaction
fee
2% of Australian dollar
transaction amount (applies to
withdrawals made in currencies
other than Australian dollars)
Balance transfers
24
Establishment fee per authority
$40
Service charge per transaction
$1.50
Bank Cheques
Issuing fee
Customer, per cheque
$12
Non-customer, per cheque
$15
Repurchase fee
Customer, per cheque
$20
Non-customer, per cheque
$20
Replacement fee
Customer, per cheque (includes
issue of replacement cheque)
$25
Non-customer, per cheque
(includes issue of replacement
cheque)
$30
Bills – local
Charges will apply whether the bill is recalled, dishonoured, paid
or accepted
Presentation of bills payable after sight for acceptance only
Bill (accepted or dishonoured)
where subsequently held for
collection the collection fee will
also apply
$40 per item
Collection or purchase of bills payable at a bank
Per bill
$40
Interest charges will also apply to bills purchased per bill. This
charge is in addition to the bill presentation fee where applicable
Collection of “On Demand” drafts or orders or other bills not
payable at a bank
Per bill
$40
Collection of cheques not lodged
for credit
$40 per cheque
Exemptions:
Cheques forwarded for collection of balances of accounts
Cheques and bills received from other banks for payment on a
collection basis
Per cheque or bill (fee normally
deducted from proceeds)
$40
25
Exemptions:
Collections returned unpaid cheques/withdrawals received for
collection of balances of accounts
Re-presentation of bills and cheques dishonoured
Each notice to customer
$9
If on a collection basis, each
representation
$15
Negotiation of “On Demand” drafts or orders or other bills
(including brokers’ drafts) not payable at a bank
Handling fee for clean drafts,
orders, etc or drafts, orders,
etc with one document, share
certificate and/or transfer
$40
Each additional document,
certificate and/or transfer
$3
Insurance: Where scrip, etc. is insured by NAB, insurance premium
is to be borne by broker or other party plus a charge of $6
BPAY® – biller fees
Biller fees (once only establishment fees)
NAB BPAY® Establishment fee or
change of sponsorship
$99 (GST inclusive) each biller code
NAB BPAY® Establishment fee
(Multiple Biller/Master and Sub
Biller)
$59 (GST inclusive) each biller
code for 10+ biller codes
Customised biller validation
routine – if applicable
$5,500 (GST inclusive)
Customised Biller validation
routine and customised check
digit routine – if applicable
$6,000 (GST Inclusive)
Transaction fees
Each debit account transaction
$0.88 (GST inclusive)
Each credit card transaction
$0.88 (GST inclusive) plus
Merchant Service fee
Error correction fees
Each debit account transaction
$0.00
Each credit card transaction
$0.00
Reversal entries
$0.00
® Registered to BPAY® Pty Ltd ABN 69 079 137 518.
26
BPAY View® – biller fees
Biller fees (once only
establishment fees)
NAB BPAY View® Establishment
fee or change of sponsorship
$99 (GST inclusive) each
biller code
NAB BPAY View® Establishment
fee (Multiple Biller/Master
and Sub Biller)
$59 (GST inclusive) each biller
code for 10+ biller codes
Transaction fees Each summary
bill or non-value item loaded
$0.21 (GST inclusive)
BPAY® Batch – payer fees
Payer fees (once only
establishment fees)
BPAY® Batch Establishment fee
$299 (GST inclusive) per Batch
user ID
BPAY® Batch Establishment fee
$199 (GST inclusive) each Batch
user ID for 1-10 Batch user IDs
BPAY® Batch Establishment fee
$99 (GST inclusive) each Batch
user ID for 10+ Batch user IDs
Transaction fees Each payment
$0.21 (GST inclusive)
Cashing cheques – customer
NAB cheque presented by our
customer
Nil
Non-bank financial institution
cheque drawn on our bank
and presented by member for
encashment
$3
Other financial institution’s cheque $6 plus estimated cost of any
presented by our customer
STD call
Cashing cheques – non-customer
NAB cheque presented by a
non-customer
$5 1
Other bank’s cheque presented
by non-customer (whether
under encashment/negotiation
advice or not)
1.5% amount of cheque
(minimum $10)
Other financial institution’s
savings account withdrawal
$10 per item
1 Fee is not charged if cheque is cashed at home branch.
27
Certificates
Certificates supplied to customers, accountants and auditors,
and listing, noting, etc
Certificates of balance/interest
accrued
$15 per certificate
Certificates covering
Bank confirmation – audit requests
Bill holdings
Comprehensive certificates supplied for audit
Deeds and documents held
Goods shipped
Each certificate at an hourly
rate of
$90 per hour (minimum $70
per certificate)
Note: Charge will apply whether documents are held as security
or otherwise, and to confirmation of previous certificates
Change – for non-customers
Coins of all denominations
$1 per bag or roll (minimum $4)
Charges where uncertificated shares provided as security under
CHESS (Clearing House Electronic Sub-Register System)
Establishment of Sponsorship and Holder Identification Number
(HIN), upon lodgement of a single line of shares into the
Mortgagor’s HIN
28
Securities valued1 at up to
$500,000
$120
Securities valued above $500,000
$120 for the first $500,000 plus
$33 for every $100,000
(or part thereof) above
$500,000 (GST inclusive)
Additional lines of security
lodged at establishment
$44 irrespective of value
(GST inclusive)
Statement of holdings
$33 (GST inclusive)
Statement of transactions
$33 (GST inclusive)
Tax File Number (TFN)
lodgement2
$44 (GST inclusive)
Takeover acceptance3
$44 (GST inclusive)
All other transactions not
otherwise mentioned above or
exempted4
$120
1Security valuation is the last price quoted at the close of trading on the day before
the instruction to establish the holding being issued to the Sponsor, multiplied by
the number of shares held.
2Must be lodged with the Sponsor no later than two (2) business days prior to the
‘ex’ date for any distribution of income or capital from the company.
3Must be notified to the Sponsor no later than two (2) business days prior to the
closing date of the takeover offer.
4Includes the addition or removal of shares to the Mortgagor’s HIN, but excludes the
initial receipt of one or more lines of shares at the establishment of the facility and
any holding altered by a corporate action, ie bonus, rights and Dividend Reinvestment
Plan issues.
Coin/Notes fee
Applies to the exchange of notes/coin for alternative denominations
of notes/coin
Where the value of cash
exchange exceeds $5,000
or more per day.
0.25% of total amount of cash
Exemption from this fee is deposits through:
Automatic Teller Machine (ATM), Express Business Deposit bags
(EBD), Automatic Deposit Machine (ADM) and Outlets where there
is no express business deposit box
Coin Swap Machine Exchange Fee
Where proceeds counted by coin
swap machine are not deposited
directly to a NAB account
10% of total value counted
is charged
Credit transfers – standard
Credit transfers – to other
NAB branches
Nil
Credit transfers – to other banks
Per transfer by normal credit clearing:
Customer
$5
Non-customer
$15
Plus cash handling fee:
Customer
Nil
Non-customer
1.5% on total cash amount
(minimum $1)
Plus item fee
$0.50 per item, if more
than ­20 items
Drawing on account of favoured
for credit transfer fees
$4 per drawing plus
applicable fees
Note: Where encoded debit is provided no fee is charged.
29
Debenture and bonds
Collection of matured debentures/
bonds (held at branch)
$20 per debenture/bond
Debenture interest coupons – collection of
Lodged across the counter –
per coupon each lodgement
$20
Debentures held for safe custody
or security – per coupon each
lodgement
$20
Deposit books (multicopy)
Credit listing (pad of 75 in duplicate)
$5
Credit listing (pad of 50 in triplicate)
$5
Credit listing/summary slip covers
$5
Credit summary (pad of 150)
Nil
Duplicate large deposit (CD)
(book of 50 in duplicate)
$5
Agency credit deposit book
$5
Triplicate company deposit
(book of 50 in triplicate)
$5
Triplicate company agency deposit
(book of 50 in triplicate)
$5
Direct Entry system – bureau user
Establishment fee direct entry1 –
bureau user
$215 per user ID
(GST inclusive)
Limit exceed TNA user
$54 per file2 (GST inclusive)
Charges related to direct entry debits returned per item
All returned items
1Establishment fee is payable and debited at the time the service is provided.
Transaction fees are payable and debited either on the day of processing or at the
beginning of the month after that for which the fee is charged. Refer to the terms
and conditions of the delivery channel.
2Applies where another bank is the processing bank. Incurred on each referral
to Business Banker of a direct entry file requiring approval because a formal limit
is insufficient to process the instruction. Incurred on day of referral. The Transaction
Negotiation Authority (TNA) fee applies where the Direct Credit User sponsored
by NAB lodges files for processing at another bank.
*Other non-standard fees may apply which will be outlined in the Letter of Offer.
30
Dishonour charges
RentCard
Australia Post
$25 per notice of dishonour
EDP services
Customer transactions processed
Note: Statements in respect of these services are forwarded to
customers who may, if they wish, arrange to have charges debited
to their accounts
Details of cheques/agents’ credits and off-line cheque sorting
Service
(All fees in this table
are GST inclusive)
Charge per 1,000
transactions
or part thereof
Minimum charge
per run
Listing
$5.35
$21.45
Cheque sorting
$5.35 per 1,000
document passes
through reader/
sorter at DP centre
$21.45
Encashment/negotiation advices
Standing facilities to cash business cheques or orders at another
branch or bank
Establishment fee
$50
Renewal (annual) fee
$50
Amendments during term
$50
A cash handling fee may be charged for amounts in excess of
$5,000 per day, non-cumulative
Execution of finance company agreements/contracts
Obtaining execution of contracts and/or agreements
Per contract or agreement
$70 per hour­
(minimum $35)
Fax transmission of statements or other documents
Charge applies to statements and other documents transmitted at
customer’s request1
First page
$4
Each additional page
$2
1 Not applicable where incorporated in dishonour charges.
31
Funds transfer fee – email or fax request
Incurred when NAB processes
written instructions received
via letter, email or fax to
manually transfer funds to
another NAB account or an
account with another financial
institution. Email and fax written
instructions will only be acted
on where an Email/Fax Authority
or Facsimile letter of authority
is held2
$20 per transfer (not per letter,
email or fax) plus applicable
transaction fees (see Teletransfers
and Real Time Gross Settlement
page 46 and payment from lists
page 40)
2This fee does not apply to instructions such as periodical payments, direct debits,
cheques and NAB Wheat advance facility transfers.
Garnishee fee
Garnishee fee
$10.00
Ongoing Garnishee fee
$5.00
Inspection of securities
Where the property forms part of the security for a business
lending facility
Residential property
May be charged
Non Residential property
May be charged
Legal fees
Please refer to NAB’s Legal Fees and Charges booklet, available
on request, for a comprehensive list of Legal Fees and Charges
applicable to lending transactions and enforcement matters where
legal work is performed by NAB’s internal legal department
Lending services
Stamping
Lodgement of documents by
bank
$150
Lodgements for credit of third party cheques received through
the mail (or delivery) where no deposit slip is provided
(eg. dividends)
Each deposit slip made out
$5
(deducted from amount of deposit)
32
Merchant Services Standard Fees*
(Payment channels include EFTPOS terminals, internet, IVR, batch
and paper)
Minimum Commitment
Period (MCP)
If you opt in for a Minimum
Commitment Period (MCP)
arrangement, the following
benefits apply:
Annual Fee – rebate
Terminal Fee – a discounted fee per
terminal per month
Access fee – A discounted fee per
month on the standard access fee per
Merchant ID
Closure Fee – A Closure Fee per
Merchant ID will apply if the facility is
closed within the commitment period.
The Closure Fee is waived if facility is
closed on or after the MCP end date
Merchant
establishment fee
A once only fee charged upon
establishment of the merchant facility
(this fee includes GST)
Card Reader Fee
A card reader fee is a one off fee
charged with each terminal (this fee
includes GST).
Imprinter fee –
electronic merchants
$1.10 (GST inclusive) per imprinter per
month
Imprinter fee – manual
(paper based) merchants
$2.20 (GST inclusive) per imprinter per
month
Chargeback fee
$25 (GST inclusive)
Merchant service fee
A Merchant Service Fee is
determined based on the value
of transactions processed
Minimum Merchant
Service Fee
A minimum monthly Merchant
Service Fee (MSF) varies based on
the merchant service used and the
merchant profile. It is worked out as
follows: If the minimum service is set
to $22, this amount is charged where
the total MSF payable is below $22
Transaction fee
A transaction fee is based on the
number of transactions processed. It
varies depending on the type of card
used during a transaction.
Terminal fee
A terminal fee is charged per terminal
per month based on the type of
terminal. This fee includes GST
33
Onsite installation fees
on NAB Integrated
Onsite installation fees may apply for
installation of non-standard and remote
NAB integrated EFTPOS facilities. A fee
is charged per terminal installed with a
rebate applied to the second or more
terminals installed at the same site
Annual fee
An annual fee is charged on the
anniversary month of merchant facility
establishment
Access fee
Charged monthly for merchant facilities
for processing card transactions for
telephone, mail and/or internet orders
Credit card authorisation
request fee
Voice authorisation requests (operator
assisted) $6.50 (GST inclusive) per
request. $0.79 (GST inclusive) per
key authorisation request (paper
based merchants only). These fees
apply when you make authorisation
requests by calling NAB KEYAUTH
on 13 25 15
Stationery fee
Refer to NAB Stationery Brochure.
All prices in the brochure include GST
and postage costs
Terminal replacement
fee
Up to a maximum of $999
(GST inclusive) per terminal which
is lost, stolen, or damaged
* Other non-standard fees may apply which will be outlined in the Letter of Offer.
Closure fee
If you opt in for Minimum
Commitment Period (MCP) a closure
fee applies during the MCP period.
The Closure Fee is waived after the
MCP end date. If you do not opt in
for Minimum Commitment Period a
closure fee is applied per terminal or
per Merchant facility if no terminals
are taken
Miscellaneous service charge
Charge rate
34
$90 per hour
(minimum $70)
Multiple funds transfer fee1
Applicable where a
multiple funds transfer
is made via NAB Internet
Banking. For example,
a payroll file for 20 staff
members (ie. 20 credits)
would incur a $4 service
fee
$0.20 per credit
1The multiple funds transfer fee is debited to the account from which the
transfer is made, at the time the regular account service fee or flat monthly fee
(as applicable) is charged for that account.
For the NAB Farm Management Account, it is charged annually on the
anniversary date of opening the account.
NAB Connect
NAB Connect fees and charges are separate and additional to those
set out in this brochure. Refer to nab.com.au for fees and charges.
NAB Direct Link
NAB Direct Link fees and charges are separate and additional to
those set out in this brochure. Refer to nab.com.au for fees
and charges.
NAB Express Business Deposit
Bags
Nil
Note: Transaction fees may apply for each deposit and each item
lodged in an Express Business Deposit (see sections 1 and 2 of this
brochure).
NAB Internet and Telephone Banking
Fees apply to NAB Internet and Telephone Banking, refer to
Section 1 and 2 of this brochure
National Online Corporate
National Online Corporate fees and charges are separate and
additional to those set out in this brochure. Refer to nab.com.au
for fees and charges.
National Online Business
National Online Business fees and charges are separate and
additional to those set out in this brochure. Refer to nab.com.au
for fees and charges.
35
Pay In Person (Complete Biller Package)
Transaction fees
Pay in person
chargeback request
$25 per chargeback request
Australia Post dishonour fee
$25 per notice of dishonour
Accounts at NAB branches
$5 (GST inclusive) each credit
Accounts at other banks which
require preparation of credit
transfer slips, per payment
$5 (GST inclusive) each credit
(credit transfer fees and funds
transfer fees – email and fax
request may apply – refer below)
For deposits to accounts at another bank, individual deposit slips
must be completed
Credit transfers – standard
Credit transfers – to other NAB
branches
Nil
Credit transfers – to other banks
Per transfer by normal credit clearing
Customer
$5
Non-customer
$15
Funds transfer fee – email or fax request
Incurred when NAB processes
written instructions received
via letter, email or fax to
manually transfer funds to
another NAB account or an
account with another financial
institution. Email and fax
written instructions will only be
acted on where an Email/Fax
Authority or Facsimile letter of
authority is held
36
$20 per transfer (not
per letter, email or fax)
Periodical debit system – vouchers
Periodical life assurance payments lodged for collection
Voucher entries, per item
$10 (GST inclusive)
Periodical Payments
Payable on each payment made from your account under
a Periodical Payment Authority
To accounts at the same branch or another branch
Charge per payment
$1.80
Exemptions:
Repayments to NAB business loans from a NAB Business Everyday
Account ($0 Monthly Fee Option), a NAB Business Everyday Account
($10 Monthly Fee Option) or a NAB Farm Management Account.
To accounts at another financial institution
Charge per payment
$5.30
The above fees are in addition to any electronic transactions fee
applicable to your account (see Section 1 and 2)
By bank cheque, international cheque, etc
Service charge per payment
$5 plus applicable issuing fee
Mortgage Discharge Fee
Includes preparation of
discharge, attending settlement,
lodgement of documents and
other release of a security
interest where applicable
Documents received
against payment of money
$350
$200 per settlement
Reference fee
While there will be no fees for overdrawing an
account by up to $1,000, a reference fee will be
charged once a day where:
$9
• one or more debit transactions are made on a
day causing an account to overdraw by more than
$1,000 without an approved facility limit (or in
excess of a facility limit);
or
• one or more debit transactions are made on a
day when an account is already overdrawn (or
exceeding the facility limit).
References given by the bank for use at auctions
Issuing fee, per reference
$80
37
Registration
Lodgement of documents
by bank for stamping
or registration (for each
lodgement) or registration of a
security interest on the Personal
Property Securities Register (for
each registration)
$150
Production of Documents
to permit registration by other
parties
$150
Reimbursement drawings under authority
Service charge per drawing
$20
Safe Custody Services
Custody Charges
Customer Sealed Packet
Per packet¹
Paid annually in advance,
due date 31 May.
$55*
1Existing first packet lodged on or before 1 January 1995 is $0/Nil until further notice.
Customer Supplied Locked Box
Paid annually in advance,
due date 31 May.
$100* minimum fee
Cubic Capacity (cm)
Annual Charge p.a.*
Up to 8,000
$100
Over 8,000
$100
For each additional 8,000 cubic
centimetres or part thereof
Plus $100
*GST inclusive
Safe Custody Services (continued)
Double Custody Item
Paid in advance, on lodgement
per item for 3 months.
For small secure package, box
or envelope.
Maximum period is 3 months.
$30*
Safe Custody Services – Activity Charge
Safe Deposit Box/Locker
38
Refer to Safe Deposit Centre
Facilities, below
Safe Deposit Centre Facilities, including Safe Deposit Boxes/Lockers
Available in Adelaide, Brisbane, Melbourne, Perth and Sydney.
Fees for services vary depending on where the service is provided.
Details of applicable fees are available upon request at the Safe
Deposit Centres or phone us on 13 22 65.
*GST inclusive
Scrip and similar transactions
Non-value transactions
Per transaction
$80
Charge applies to transactions of the following nature, whether
scrip is held as security or otherwise:
Change or correction of name
Delivery of scrip, debentures, etc. to third party without receipt
of money
Exchange of stock units
Lodging scrip for conversion etc.
Obtaining transmission receipts
Splitting of certificates
Value transactions
See documents surrendered against receipt of money or documents
surrendered against payments of money on page 43.
Search fees
Office of Titles searches and all other searches not performed by
NAB’s internal legal department
Where carried out by officers
of NAB
$40 per search plus outlays
incurred
Where carried out by
professional searching firm on
behalf of NAB
$35 per search plus searching
firm’s charge (inclusive of
registrar’s fee)
Company/business name/Personal Property Securities Register
searches (excludes unregistered foreign titles)
Company search
$40 per search (inclusive of
registrar’s fee)
Business name search
$40 per search (inclusive of
registrar’s fee)
Personal Property Securities
Register search
$20 per search (inclusive of
registrar’s fee)
Unregistered foreign entities
Company/business name
searches
$300 per search plus an hourly
rate of $90 per hour or part
thereof
39
Short term money market transactions
Settlements in respect of
lodgement or withdrawal of
funds from official or unofficial
market
$110 per settlement
Special clearances of bills, cheques, etc. at customer’s request
Where messenger or clerk is specially employed to clear
On a time basis at the
rate of
$70 per hour (minimum $35)
plus out-of-pocket expenses
Where telegraphic, telephone or mail advice of fate is requested
Per item
$15
Statement covers
$2 per cover
Statements of account – issue of
Repeat statements, requested
$7 per statement
Duplicate statements printed and
issued with original statement
$4 per statement
Provisional listing
Nil
Additional fax charge
$4 for page one
$2 for subsequent pages
Statements of account – verification of transaction
Less than 1 year since transaction
$2.50 per item (minimum $10)
1 year or more since transaction
$5 per item (minimum $20)
Account reporting with account reconciliation
Per account transaction item
listed on account statements
as placed in National Online
electronic mailbox
First 10 transactions
free each month, then $0.17 per
transaction or $160 per month
flat fee
Intraday account enquiries
$0.50 per connection to NAB
Stop payment request
$15 per request
Each cheque is treated as a separate request unless cheques are in an
unbroken sequence of cheque numbers. Cheques reported stolen are
exempt from this fee if a copy of the police report is provided.
40
Teletransfers and Real Time Gross Settlement
Flat charge, which includes cost of message:
Customer
$35
Non-customer
$45
Plus, if to another bank, cash handling fee:
Customer
Nil
Non-customer
1.5% of total cash amount
(minimum $1)
Note: Where Teletransfer or Real Time Gross Settlement instruction
is received via letter, email or fax, funds transfer fee – email or fax
request will also apply
Exemption:
Funds representing proceeds of inward overseas telegraphic
transfer
Funds transfer fee – email or fax request
Incurred when NAB processes
written instructions received via
letter, email or fax to manually
transfer funds to another NAB
account or an account with
another financial institution.
Email or fax written instructions
will only be acted on where an
Email/Fax Authority or Facsimile
letter of authority is held
$20 per transfer (not per letter,
email or fax)
Transmission of deeds, documents, etc. for inspection, delivery
or execution
This excludes finance company contracts and agreements
Flat charge
$80
Charge shall not be made where security documents are
forwarded for execution.
41
Vouchers – surrender or production for inspection of paid
vouchers
Surrender of paid vouchers
$80 per 100 vouchers or part
thereof per calendar quarter
(minimum $80)
Individual vouchers turned up and produced or selected items
held out for inspection.
Vouchers processed:
During last year, per item
$2.50 (minimum $10)
1 year or more ago
$5 (minimum $20)
Where this charge is deemed
inadequate for time involved,
charge at the rate of
$70 per hour
Vouchers held out for inspection $1 per voucher (minimum $15)
by customers, auditors, etc. and plus postage costs and out-ofsubsequent retention by NAB
pocket expenses
Note: Out-of-pocket expenses may be incurred where vouchers are
forwarded to another branch for inspection.
International Payments
International Drafts/Cheques Outward
Drawn on banks with currency/AUD
arrangement with NAB
$30
Refund/reissue (this charge covers the cost of
placing a ‘stop’ where the original cheque has
been lost/stolen)
$30*
Repurchase
$20*
Telegraphic Transfers Outward (sent overseas)
International Transfer via NAB Internet Banking
$22
Banker assisted
$30
Pursuant to Email/Fax Authority
or Facsimile Letter of Authority
$35
Enquiries regarding payment (International
Drafts/Cheques and Telegraphic Transfers)
General enquiries or investigations, at
a customer request, that require SWIFT
messaging
$25*
Cancellation of telegraphic transfers
Cancellation of telegraphic transfers
$20*
*Any overseas bank charges incurred will be charged to the customer.
42
International Drafts/Cheques Inward (received)
Customer1, 2
Non-Customer2
In overseas currency and purchased: Payable outside Australia
(overseas):
Includes drafts, cheques and dividend warrants etc. and
negotiations under traveller’s letters of credit.
Up to and including the
equivalent of $15
Nil
$20
Over the equivalent of $15
$15 per
item (for
each cheque
purchased)
$20 per item
(for each cheque
purchased)
Drawn on another bank and
forwarded for collection
$40
$60
Drawn on NAB
$10 for each
purchase
$20 for each
purchase
Payable in Australia:
In Australian dollars and purchased:
Drawn on NAB
Free
$10 if cashed
Payable outside Australia
$40
$60
Sent for collection in
Australian or overseas
currency payable outside
Australia
$40 (GST
inclusive)
$60 (GST
inclusive)
Dishonour of overseas cheques
Dishonour of overseas
cheques*
Customer
Non-Customer
$30
$30
*Where overseas bank charges more than one fee, all overseas fees are to be paid.
Where multiple dishonours are received and all items are processed at the same
time, only one NAB charge is to be levied.
1 In Section 5 means existing NAB account holder.
43
International Transfers Inward (received)
Overseas parties that direct a payment to NAB may charge NAB
a commission in respect of these transfers, which are included in
our fee. Our fee also depends on the currency of the transfer. This
fee is usually deducted from the amount paid. In some cases, the
sending party may instruct NAB to charge our fee to them. Where
NAB does this, NAB will not charge the payment beneficiary and
may charge the sending bank a higher amount than set out below.
Transfers to NAB in Australian or overseas currency:
Deposited to NAB account
Up to $15
or
Deposited to non-NAB account
(NAB acting as intermediary)
Up to $30
Transfers of overseas currency received by NAB and transferred
to another bank unconverted:
NAB customer
Up to $35
Non-NAB customer
Up to $35
Travel Money
All Customers
Foreign Currency Cash
(Issued)
$10 per transaction
Foreign Currency Cash
(Cashed)
$10 per transaction
Travellers Cheques (Cashed)
Australian and foreign currency
NAB Group Issued
Non-NAB
Free
$5
Foreign Currency Accounts
44
Intra account transfers
$30 Banker assisted
$20 NAB Connect
Deposit/withdrawal of overseas
currency notes
2.2% of deposit/withdrawal
amount (minimum $30)
(GST Inclusive)
SECTION 6
GOVERNMENT TAXES AND CHARGES
Goods and Services Tax (GST)
The GST Clause applies to fees and charges that are not
expressed as ‘GST inclusive’ in this brochure. However, in
the event of a change to the GST rate1, NAB reserves the
right to apply the GST clause to all fees in this brochure.
GST clause
If NAB is liable to pay Goods and Services Tax or any
similar tax (GST) on a supply made in connection with a
service referred to in this brochure, then the Customer
agrees to pay NAB promptly an additional amount equal
to the consideration payable for the supply, multiplied
by the prevailing GST rate.
Definition of GST
‘GST’ a Goods and Services Tax or any similar tax imposed
in Australia.
1Or any amendment to the GST treatment of a service shown in this brochure for
any reason that results in changing the service to a taxable supply.
GENERAL ADVICE WARNING
Any advice in this document has been prepared without
taking into account your objectives, financial situation
or needs. Before acting on any advice in this document,
National Australia Bank Limited (NAB) recommends
that you consider whether it is appropriate for your
circumstances. NAB recommends you consider the
Product Disclosure Statement or other disclosure
document, available from NAB, before making any
decisions regarding any NAB products. The products
covered by this brochure are issued by National Australia
Bank Limited.
45
SECTION 7
DEFINITIONS
NAB Business Everyday Account ($0 Monthly Fee Option),
NAB Business Everyday Account ($10 Monthly Fee Option),
NAB Business Management Account (no longer for
sale), NAB Business Interest Account, NAB Business Cash
Maximiser, NAB GST Business Offset Account (no longer
for sale), NAB Community Fee Saver Account and NAB
Farm Management Account.
Banker assisted deposits and withdrawals include:
Deposit slips processed over the counter or at Australia Post
outlets
Withdrawal slips or cheques cashed over the counter
Deposits or withdrawals made over the counter where a card
or card and PIN are used in connection with the transaction/s.
Note: Each deposit transaction and each withdrawal transaction
to/from an account is a separate item.
Pinned card activated withdrawals at Australia Post outlets
Non-banker assisted deposits and withdrawals include:
Deposit slips processed via non-over the counter methods such
as express business deposit and cheque only deposit. This includes
express business deposits lodged into a bank Automated Deposit
Machine (ADM).
Any other cheques written on an account (withdrawals)
Cheques or items lodged with a deposit include:
Each individual cheque or item that has been lodged as part
of a deposit. For banker assisted transactions this includes each
individual cheque or item included in the overall deposit. For
non-banker assisted transactions, e.g. Express Business Deposits
or Express Cheque Deposits, this includes each individual cheque
or item paid in with a deposit slip. This also applies to Express
Business Deposits lodged into a bank ADM. Note: A merchant
envelope is counted as one item
NAB ATM transactions include:
Each deposit and withdrawal made at a NAB ATM
Each cheque or item lodged with a deposit slip via a NAB ATM
ote: NAB ATM transactions do not include express business
N
deposits lodged into a bank ADM
46
Electronic transactions include:
Transactions to/from your account conducted via NAB internet
banking (including bill payment BPAY®), NAB telephone banking
(including bill payment BPAY®), EFTPOS and periodical payments,
direct debits, direct credits and other funds transfers to/from your
account but do not include:
• banker assisted transactions to/from your account where a card or
card PIN are used in connection with the transaction/s; or
• unless otherwise specified, excludes multiple funds transfers
made via NAB internet banking.
Important note: Some electronic transactions will also attract
a separate fee, as set out in Section 5 – Other Service fees. For
example, a payment from your account made under a Periodical
Payment Authority is an electronic transaction and is charged
accordingly. A separate Payment fee is also payable.
®Registered to BPAY Pty Ltd ABN 69 079 137 518
Services available for business customers at Australia Post
include:
Services:
Deposits, withdrawals, account
balance enquiries, EFTPOS
Applicable accounts:
NAB Business Everyday Account
($0 Monthly Fee Option)
NAB Business Everyday Account
($10 Monthly Fee Option)
NAB Business Management
Account (no longer for sale)
NAB Business Interest Account
NAB GST Business Offset
Account (No longer available
for sale)
NAB Community Fee
Saver Account
NAB Farm Management
Account
Withdrawals from a credit card account are cash advances and,
in addition to the cash advance fee, interest will be charged.
However, if cash is taken out via EFTPOS the transaction may incur
the banker assisted withdrawal fee applicable to the account.
47
For more information call
13 10 12
7 days a week
8am – 8pm AEST, Monday – Friday
9am – 6pm AEST, Saturday – Sunday
or visit us at nab.com.au
Hearing impaired customers
with telephone typewriters
can contact us on 13 36 77
©2017 National Australia Bank Limited ABN 12 004 044 937
AFSL and Australian Credit Licence 230686 60334A0117